The trading price of Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) closed lower on Friday, December 06, and closing at $0.12, -18.78% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.109 and $0.1574. In examining the 52-week price action we see that the stock hit a 52-week high of $1.45 and a 52-week low of $0.12. Over the past month, the stock has lost -51.55% in value.
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Blue Hat Interactive Entertainment Technology, whose market valuation is $5.86 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
On the technical side, indicators suggest BHAT has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that BHAT’s price is currently -27.52% off the SMA20 and -50.35% off the SMA50. The RSI metric on the 14-day chart is currently showing 26.73, and weekly volatility stands at 22.83%. When measured over the past 30 days, the indicator reaches 18.73%. Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT)’s beta value is currently sitting at 1.03, while the Average True Range indicator is currently displaying 0.03.
To see how Blue Hat Interactive Entertainment Technology stock has been performing in comparison to its peers in the industry, here are the numbers: BHAT stock’s performance was -18.78% in the latest trading, and -88.55% in the past year.
An evaluation of the daily trading volume of Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) indicates that the 3-month average is 531.65K. However, this figure has increased over the past 10 days to an average of 2.29.
Currently, records show that 58.40 million of the company’s shares remain outstanding. The insiders hold 8.41% of outstanding shares, whereas institutions hold 0.98%. The stats also highlight that short interest as of 2024-11-15, stood at 58376.0 shares, resulting in a short ratio of 0.15 at that time. From this, we can conclude that short interest is 14.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were up slightly from the previous month’s figure, which was 14484.0. However, since the stock’s price has seen -87.63% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
